Summary
ELCONSTRUCT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €126,565 and a net result of €711,674. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 13% of 8074 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8074 sector peers (2025).
NBB · sector comparisonPosition among 8074 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
3 d late
2022
17 d late
2021
3 d late
2020
27 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€126,565▼ 9.5%
2024 · €139,891
Net result
€711,674▲ 11.8%
2024 · €636,561
Total assets
€2.0m▲ 32.6%
2024 · €1.5m
Solvency
6.5%▼ 3.0pp
2024 · 9.5%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€267,744▲ 41.5%€452,365▲ 69.0%€801,575▲ 77.2%€743,081▼ 7.3%€867,479▲ 16.7%
Net result€252,535▲ 68.5%€393,668▲ 55.9%€660,500▲ 67.8%€636,561▼ 3.6%€711,674▲ 11.8%
Equity€170,162▲ 19.3%€142,830▼ 16.1%€153,330▲ 7.4%€139,891▼ 8.8%€126,565▼ 9.5%
Total assets€594,750▲ 13.2%€803,263▲ 35.1%€1.2m▲ 47.1%€1.5m▲ 24.7%€2.0m▲ 32.6%
Debt€424,588▲ 10.9%€660,433▲ 55.5%€1.0m▲ 55.6%€1.3m▲ 29.7%€1.8m▲ 37.1%
Working capital€109,204▲ 46.1%€107,730▼ 1.4%€50,324▼ 53.3%€57,563▲ 14.4%€82,959▲ 44.1%
Solvency28.6%▲ 1.5pp17.8%▼ 10.8pp13.0%▼ 4.8pp9.5%▼ 3.5pp6.5%▼ 3.0pp
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +68% on 2022. Cause not known from the registers.
- 2022 Net result +56% on 2021. Cause not known from the registers.
- 2021 Net result +68% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€89,995 ▼ 14.1%
Current assets
€1.9m ▲ 36.2%
Equity and liabilities €2.0m
Equity
€126,565 ▼ 9.5%
Debt
€1.8m ▲ 37.1%
Debt's share of the balance-sheet total rises from 90.5% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
562.3%▲
2024 · 455.0%
ROA
36.4%▼
2024 · 43.2%
Debt ≤ 1 year
€1.8m▲
2024 · €1.3m
Income taxes
€110,747▲
2024 · €85,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,729 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,347 | €5,546 | €8,315 | €20,556 | €21,228 | ▲ 3.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €60 | - |
| Other operating charges640/8 | - | €4,779 | €471 | €132 | €208 | ▲ 57.6% |
| Non-recurring operating charges66A | - | €1,364 | €1,768 | €2,298 | €935 | ▼ 59.3% |
| Gross operating margin9900 | €276,053 | €464,053 | €812,128 | €766,067 | €889,909 | ▲ 16.2% |
| Operating profit (loss)9901 | €267,744 | €452,365 | €801,575 | €743,081 | €867,479 | ▲ 16.7% |
| Financial income75/76B | - | €525 | €383 | €1,433 | €1,537 | ▲ 7.3% |
| Recurring financial income75 | €2 | €525 | €383 | €1,433 | €1,537 | ▲ 7.3% |
| Financial charges65/66B | - | €8,171 | €18,983 | €22,668 | €46,595 | ▲ 106% |
| Recurring financial charges65 | €5,339 | €8,171 | €18,983 | €22,668 | €46,595 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €262,406 | €444,719 | €782,974 | €721,847 | €822,421 | ▲ 13.9% |
| Income taxes67/77 | €9,872 | €51,050 | €122,474 | €85,286 | €110,747 | ▲ 29.9% |
| Profit (loss) for the period9904 | €252,535 | €393,668 | €660,500 | €636,561 | €711,674 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €252,535 | €393,668 | €660,500 | €636,561 | €711,674 | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €594,750 | €803,263 | €1.2m | €1.5m | €2.0m | ▲ 32.6% |
| Fixed assets21/28 | €66,202 | €47,290 | €121,480 | €104,800 | €89,995 | ▼ 14.1% |
| Tangible fixed assets22/27 | €41,202 | €22,290 | €96,480 | €79,800 | €64,995 | ▼ 18.6% |
| Land and buildings22 | - | €19,727 | €16,636 | €14,565 | €15,903 | ▲ 9.2% |
| Furniture and vehicles24 | - | €2,563 | €79,844 | €65,236 | €49,092 | ▼ 24.7% |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €528,548 | €755,973 | €1.1m | €1.4m | €1.9m | ▲ 36.2% |
| Amounts receivable after more than one year29 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other amounts receivable291 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts receivable within one year40/41 | €128,305 | €195,430 | €61,987 | €73,512 | €52,514 | ▼ 28.6% |
| Trade receivables40 | - | €10,647 | €61,778 | €28,339 | €52,294 | ▲ 84.5% |
| Other amounts receivable41 | - | €184,783 | €209 | €45,174 | €220 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €399,360 | €534,656 | €972,174 | €1.3m | €1.8m | ▲ 41.1% |
| Deferred charges and accrued income490/1 | - | €888 | €595 | €4,258 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €594,750 | €803,263 | €1.2m | €1.5m | €2.0m | ▲ 32.6% |
| Equity10/15 | €170,162 | €142,830 | €153,330 | €139,891 | €126,565 | ▼ 9.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €149,853 | €103,853 | €103,853 | €103,853 | €103,853 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | - | - | - | - |
| Other1319 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €101,853 | €101,853 | €101,853 | €101,853 | = |
| Profit (loss) carried forward14 | €309 | €18,977 | €29,477 | €16,038 | €2,712 | ▼ 83.1% |
| Amounts payable17/49 | €424,588 | €660,433 | €1.0m | €1.3m | €1.8m | ▲ 37.1% |
| Amounts payable within one year42/48 | €419,343 | €648,244 | €1.0m | €1.3m | €1.8m | ▲ 35.9% |
| Trade debts44 | €17,364 | €1,229 | €5,657 | €6,923 | €2,392 | ▼ 65.4% |
| Suppliers440/4 | - | €1,229 | €5,657 | €6,923 | €2,392 | ▼ 65.4% |
| Taxes, remuneration and social security45 | - | €64,097 | €89,378 | €85,810 | €58,137 | ▼ 32.2% |
| Taxes450/3 | - | €64,097 | €89,378 | €85,810 | €58,137 | ▼ 32.2% |
| Other amounts payable47/48 | - | €582,918 | €914,397 | €1.2m | €1.7m | ▲ 41.2% |
| Accrued charges and deferred income492/3 | - | €12,189 | €18,474 | €22,472 | €46,389 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €252,535 | €393,668 | €660,500 | €636,561 | €711,674 | ▲ 11.8% |
| + Depreciation and write-downs630 | €7,347 | €5,546 | €8,315 | €20,556 | €21,228 | ▲ 3.3% |
| Operating cash flow (approximation) | €259,881 | €399,214 | €668,815 | €657,117 | €732,903 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | €13,367 | -€82,505 | -€3,876 | -€6,424 | ▼ 65.7% |
| Change in cash | - | €135,295 | €437,519 | €293,088 | €520,608 | ▲ 77.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €711,674 ▲11.8%
Operating result €867,479, net result €711,674, both a record.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
31-03
Financial
Equity above €150,000Eq €153,330 ▲7.4%
5 profitable years in a row build equity to €153,330.
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Equity above €150,000Eq €170,162 ▲19.3%
3 profitable years in a row build equity to €170,162.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
02-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2014
Ground area
431 m²
Building footprint
172 m²
Volume, LiDAR
832 m³
Parcel 42005A0805/00B002, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Elconstruct
since 20142.234.732.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42005A0805/00B002 | Flanders | 431 m² | 1 · 172 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,907 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-2014
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554696676
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.